Just a day after announcing plans to raise cash by selling some of its stake in China’s Tencent, Prosus says it has led two funding rounds — one in India and one in Norway — as the group expands into groceries and healthtech. 

With $4.5bn in cash at the start of the week, Prosus’s liquidity received a sizeable boost as the company sold a portion of its stock in Tencent for $14.6bn (R211bn)...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now